When Do You Predict GF DVC Will Open For Sales?

[Alice-in-wonder]

??

 

[csharpwv]

What Grand Floridian DVC Villas?

I don't see any filing of permits?

What construction walls around the Grand Floridian?

Sales? What Sales?

DVC Villas at the Grand Floridian?

Have you been talking to the bus drivers?

 

[Alice-in-wonder]

No, LOL! Just someone who works at the GF Spa

 

[CMOORE185]

Not their best keep secret. There will be DVC at GF.

 

[Eeyore1928]

I wish Labor Day...I will be onboard the ship then. Or maybe Christmas time? That would be a great gift to myself!

 

[disneynutz]

Under Florida law, DVD can't market the property until after units are constructed and declared into inventory. That's why converting existing hotel space into DVC units is a cheap and fast way to start selling.

We assume that Disney is keeping everything a secret for some magical reason, I will bet that they are complying with the law.

Bill

 

[tjkraz]

Under Florida law, DVD can't market the property until after units are constructed and declared into inventory. That's why converting existing hotel space into DVC units is a cheap and fast way to start selling.

We assume that Disney is keeping everything a secret for some magical reason, I will bet that they are complying with the law.

Bill

To a certain extent. But they can also cover themselves with ample disclaimers that certain aspects of the project are "proposed" or "subject to change."

Using the BLT timeline, they finally announced in September 2008 and began selling days later. Resort didn't open until almost a year later in August 2009. In the case of Kidani Village, I believe they began selling points more than a year before the building was complete. There is a laundry list of steps which must occur but sales can still begin many months before a finished product is on display.

For GF, it depends entirely on whether or not they plan to convert existing rooms to DVC. If yes, then they could announce and begin selling any day now. Rooms could be ready by summer 2012.

But if all of the villas will be new construction, we're probably looking at a late-'13 / early-'14 opening and no announcement for approx 18 months.

 

[disneynutz]

To a certain extent. But they can also cover themselves with ample disclaimers that certain aspects of the project are "proposed" or "subject to change."

Using the BLT timeline, they finally announced in September 2008 and began selling days later. Resort didn't open until almost a year later in August 2009. In the case of Kidani Village, I believe they began selling points more than a year before the building was complete. There is a laundry list of steps which must occur but sales can still begin many months before a finished product is on display.

For GF, it depends entirely on whether or not they plan to convert existing rooms to DVC. If yes, then they could announce and begin selling any day now. Rooms could be ready by summer 2012.

But if all of the villas will be new construction, we're probably looking at a late-'13 / early-'14 opening and no announcement for approx 18 months.

I'm now remembering posts from a few years ago, much harder today than I remember. BLT wasn't announced or sold until a certain percentage of construction was completed, I was wrong in my previous post. Kidani was built in phases and sold in phases to meet the legal requirements.

Other than maybe hurting existing sales, what other reason would Disney have for not announcing a new resort earlier?

Bill

 

[tjkraz]

Other than maybe hurting existing sales, what other reason would Disney have for not announcing a new resort earlier?

Isn't that enough of a reason?

 

[RDP]

We bought into kidani before it opened and got matching developer points to use at SSR for the first year ( we banked the kidani points into the following year) DVC may do the same with GFV to get sales going??

 

[WilsonFlyer]

We bought into kidani before it opened and got matching developer points to use at SSR for the first year ( we banked the kidani points into the following year) DVC may do the same with GFV to get sales going??

We did the same and got some other bonuses and discounts as well as the developer's points. Many here said (at the time) that they were the best incentives they had ever seen. It was a different time and a different place from an economic standpoint. I'd be very surprised to see anything like this with an offering of GFV.

 

[supersuperwendy]

We bought into kidani before it opened and got matching developer points to use at SSR for the first year ( we banked the kidani points into the following year) DVC may do the same with GFV to get sales going??

Us too! I'd love a similar incentive for GFV! We stayed at SSR our first year and banked the AKV points..it was great!!

 

[ericamcl]

I'm crossing my fingers that SOMETHING is announced sooner rather than later - I've got my DH talked into an add on should they build at GF and I don't want him to have a lot of time to change his mind

 

[drusba]

It is incorrect that Disney cannot sell in Florida until some units are completed. Disney can have and has had its pre-sales, AKV started selling five months before Jambo renovation was finished and BLT almost a year before opening. To do early sales needs construction to be ongoing, it has to file all the necessary papers to make it a DVC resort and to provide all the disclosures needed to do sales, and because of various laws about holding in escrow amounts paid in sales, and allowing the buyer the right to rescind if the resort is not completed as specified or any significant changes are made to the disclosure documents before opening, and that the points actually sold must be potentially useable at some time during the first use year to which they apply (e.g., they cannot sell a contract with June 2012 points if they won't open until July 2013), it is unlikely you will see them start pre-sales more than a year before opening and it could be closer to opening than that. If construction is starting now, it is likely a latter part of 2013 opening so you could possibly see sales start sometime in latter part of 2012.

 

[DebbieB]

It is incorrect that Disney cannot sell in Florida until some units are completed. Disney can have and has had its pre-sales, AKV started selling five months before Jambo renovation was finished and BLT almost a year before opening. To do early sales needs construction to be ongoing, it has to file all the necessary papers to make it a DVC resort and to provide all the disclosures needed to do sales, and because of various laws about holding in escrow amounts paid in sales, and allowing the buyer the right to rescind if the resort is not completed as specified or any significant changes are made to the disclosure documents before opening, and that the points actually sold must be potentially useable at some time during the first use year to which they apply (e.g., they cannot sell a contract with June 2012 points if they won't open until July 2013), it is unlikely you will see them start pre-sales more than a year before opening and it could be closer to opening than that. If construction is starting now, it is likely a latter part of 2013 opening so you could possibly see sales start sometime in latter part of 2012.

I thought you couldn't actually close until your unit was ready for occupancy.

 

[Sammie]

Under Florida law, DVD can't market the property until after units are constructed and declared into inventory. That's why converting existing hotel space into DVC units is a cheap and fast way to start selling.

We assume that Disney is keeping everything a secret for some magical reason, I will bet that they are complying with the law.

Bill

How did the announcement about Eagle Pines play out? I remember seeing artist renderings for it and didn't they do that also for Aulani?

 

[hakepb]

Was it Hawaii that had a more strict law about no sales until the calendar year occupancy was expected? (Kidani was selling the calendar year before occupancy, but Aulani had to wait until 2011?)

Early purchasers do not pay dues until occupancy.

I would expect a lot of Hawaii incentives for GFV. (They could always use THV or Kidani as a backup)

Overall I think sales would start a little less than a year before occupancy is planned. If the 18 months for the spa closure/renovation is any indication, I would say we have 6 months before any GFV sales.

 

[drusba]

At least in Florida they can close and issue deeds before completion and opening but you retain recission rights. BLT owners who bought in October 2008, almost 11 months before it opened, were closing with deeds by December 2008. I actually closed and got a deed for AKV three months before Jambo opened

I don't know Hawaii's rules but I thought Aulani sales began last year (2010).

Eagle Pines was announced in mid-2001 but construction never began; it was scrapped after 9/11.

You cannot be charged dues for time before your unit is ready for occupancy.

 

[amypetecar]

any rumor on price per point?

 

[tjkraz]

any rumor on price per point?

Since BLT is currently at $150 with incentives of $8-12 off, I'd say that's the ballpark you're looking at for Grand Floridian. If they started selling tomorrow, they could go a little heavier on the incentives to attract some kneejerk add-on sales. Maybe $150 less $15 for a 100+ add-on. But no way it would be any lower than that (IMO)--and it could be even higher (say $160 base with $10 off.)